Nigeria's Crude Export Revenue Declines 17% to $6.68bn in Two Months - Report  Nigeria’s revenue from crude oil export fell by 17 per cent in the first two months of the year to $6.68 billion driven by lower price of the commodity. The data analysis on...

Naira Strengthens Against Dollar in Official, Parallel Markets ‎The naira appreciated marginally against the US dollar on Tuesday, gaining ₦2.33 in both the official and parallel markets. ‎A source at the Abuja black market told Economic Confidential that as of May 27, the naira was trading...

Naira Holds Firm Against Dollar in Black Market ‎The naira remained stable against the US dollar in the parallel market on Monday. ‎A source at the Abuja black market told Economic Confidential that as of May 26, the naira traded at ₦1,610/$1 for buying and ₦1,617/$1...

Steady Hands in Stormy Times: Why Holding Rates Was the Right Call for Nigeria, by Rahma Olamide Oladosu   In the face of persistent global economic uncertainties and domestic challenges, the decision of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) to retain the Monetary...

This was disclosed by the Central Bank of Nigeria (CBN) in its International Payments Data published on its website on Sunday.

This surge, analysts say, is a direct result of sweeping reforms introduced by the Central Bank of Nigeria (CBN) under Governor Olayemi Cardoso, who assumed office in September 2023.